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Search Results 0 to 28 of about 29 (some duplicates have been removed)
approaching fiscal cliff. stock futures are stating right now, on hopes set a round of talks in washington will lead to a breakthrough in the fiscal cliff negotiations. fair to reach a deal could push the u.s. economy into recession. the cethe uncertain see has taken a toll on markets. stocks were sold off for four straight sessions as hopes for a substantial budget agreement have diminished, and all three indexes are on track to end of december in negative territory. the dow was down 150 yester day but closed down just 18 points. after work week that investors in the house of representatives would be reconvening on sunday. >> amazon has announce this year's holiday sales as their biggest ever. consumers purchased 306 items per cent and on their peak day this season. amazons says that customers ordered 26 and a half million items on cyber monday. that's a new record for the online retailer. amazons set another record on christmas day for digital download. the kendall continues to dominate the web sites best sellers. the kendall fire 80 tablet leading the way. >> annual research study revea
with congressional leaders about the fiscal cliff. what other lawmakers are saying about the lack pouf of progress on a deal. >> steve paulson will be up in a few minutes to tell you about the light rain moving this way and what you can expect in your neighborhood over the weekend. >>> 100 years of muni, we will show you footage from the early days. [ female announcer ] this is a special message from at&t. [ male announcer ] it's no secret that the price of things just keeps going up. [ female announcer ] but we have some good news. it's our bundle price promise. [ male announcer ] a price you can definitely count on, for two whole years. from at&t. [ female announcer ] a great price for a great triple-play bundle. [ male announcer ] call now. bundles with u-verse tv, internet and home phone start at $89 a month. now get the same great price for two years. [ female announcer ] switch today and get a total home dvr included, free for life. [ male announcer ] you get reliable, high speed internet on our advanced digital network. choose from speeds up to 24 megs. [ female announcer ] and with u-verse
of that looming fiscal cliff. 15 hours from right now the u.s. economy will go over that cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight, east coast time, income tax rates will go up for all americans. coming up at 6:15 the new numbers that are being thrown around this morning. >>> it is 6:07. starting tomorrow alameda county grocery stores and most other stores that sell food or alcohol cannot distribute plastic bags to their customers. in place of the single use bags stores are allowed to use paper or reusable bags but they have to charge at least a dime for each bag. customers are being encouraged to bring their own bags when shopping. restaurants can still provide plastic bags to customers. >> i'm trying to remember. >> some of the places i go they give you a discount. they give you five cents if you bring your own bag. >>> time now 6:08. tara is back to talk about your commute. you're also telling us about free rides for new years eve. >> that is right. muni is free from 8:00 tonight until 6:00 tomorrow morning.
fiscal cliff. that's when automatic tax increases and spending cuts would take effect. reaching a deal before then what be easy. right now both sides are involved in a high-stakes political blame game. >> we in washington are working while the house of representatives are out watching movies and watching the kids play soccer and basketball and doing all kinds of things. they should be here. >> i told the president i would be happy to look at whatever he proposes but the truth is we're coming against a hard deadline here. i said this is a conversation we should have had months ago. >> former president george h. w. bush is still in intensive care at a hospital in houston with a stubborn fever. the family is, that he will be out of the i see you sound. the chief of staff said supporters a note yesterday including " he would ask me to tell you please put the sharks back in the closet " the 88 year- old has been in a hospital for more than a month after first coming down with bronchitis. >> a live look at the james lick and traffic is light. it is very cold and we will have updates on your
. >> the american people have a right to be very upset with this congress. >> reporter: the fiscal cliff would bring massive increases and deep spending cuts treasury department would have treble paying its bills. many -- many worry it would plunge the u.s. back into a recession. one possible effect of the fiscal cliff, milk prices could spike two or three dollars a gallon because farm programs will expire the end of the year. some are calling that dairy cliff. wendy gillette, abc news, new york. >>> mike jing us with a look at the -- mike joining us with a look at the forecast, more rain on the way? >>> in due time we'll get light rain not this morning high clouds to the east from sutro tower in san francisco where dry now live doppler 7 hd spinning tracking the showers, the rain i should say as it is developing over the ocean water right now let's see how far that is, 41 miles from santa rosa, 51 from san francisco, under the returns, very dry air, sprinkles at best lieu the 30s, just updated these the entire peninsula, upper 30s only 40s left, half moon bay 41, oakland 42, san francisco 44. every
to the positive right now in hopes of a deal on the fiscal cliff. we'll be back as the kron4 morning news continues in just two minutes. a live look at san jose, it is chilly out there and temperatures are down and the 30's and the inland spots around the bay. traffic is very light in the traffic you are seeing is the 1 01 northbound approaching the 87 interchange. >> the last trading day of 2012. we saw the down dollar down last week with concerns about the fiscal cliff. there are some hopeful signs this morning that a deal was as in the works. dow futures are up 77 points ahead of the opening bell. let's get an update on the eve forecast with erica. >> good morning and it is a cold start. a lot of your actually below the freezing point. it is clear, we have no business issues with visibility. new year's night could be the coldest of the season thus far. and would not be surprised if a freeze warning went into affect but generally dry conditions for the remainder of the week. the exception is thursday, slight potential for some rain for some of our north bay spots. temperatures out the d
go over the fiscal cliff. where both sides are right now. you used the oven? boom ♪ [ male announcer ] pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >>> good morning. a frigid start. 30s and 40s outside our door. giving you a beautiful spot of union square. a great day too ice skate and maybe do some shopping. >>> at least two firefighters have been shot while responding to a house fire in new york. it happened shortly before 6:00 eastern time near lake ontario. firefighters were shot as they arrived at the scene. one is said to be in satisfactory condition. >> the other's condition is unknown at this hour. firefighters are not fighting the fire right now because they are waiting for police to finish evacuating the area as they search for a shooter. the fire has now spread to other homes. >>> the bickering continues a week away from the fiscal cliff. talks to try to prevent automati
with this congress. >> reporter: the fiscal cliff would bring massive tax increases and deep spending cuts. the treasury department would have trouble paying its bills. many economists worry the financial woes would plunge the u.s. back into a recession. just one possible effect of the fiscal cliff. milk pris could spike $2 or $3 a gallon, because farm programs will expire at the end of the year. some are calling that dairy cliff. live in new york, wendy gillette. >> wendy gillette in new york. thank you. >>> the country has lost one of its great warriors. tributes are pouring in this morning for retired general norman schwarzkopf. the general died yesterday in tampa after a battle with pneumonia. schwarzkopf commanded "operation desert storm" that drove iraqi forces from kuwait. in retirement, he championed causes. norman schwarzkopf was 78. >>> now, to former president george h.w. bush's condition. his chief of staff says he will be in the hospital for a while. the 41st president is recovering from a terrible case of bronchitis with a series of complications. she says that mr. bush is ge
hours from right now the u.s. economy will go over the fiscal cliff unless congress and the white house can work out a last minute deal. if there is no new budget deal by midnight tonight east coast time income tax rates will go up for all americans. coming up at 5:15 the two men leading the last minute negotiations. >>> the chp is trying to figure out what led up to a crash that killed a motorcycle rider in concord last night. it happened just before 6:30 on kicker pass road. the chp says no other cars were involved and it's unclear why the driver lost control. >>> three people are recovering after a crash after a car crashed into a concord funeral home. it happened yesterday afternoon at the we met brothers concord funeral chop ill on clayton road. it appears two teens were racing when they lost control and crashed their car into the building. the teens were taken to the hospital with serious injuries. a 66-year-old man who was inside the building has a broken leg. police interviewed a second driver that may have been racing the teens but have no arrests yet. >>> police officers are o
i say this one last time? "fiscal cliff"? [ laughter ] >> that's it. >> never going to say it again. >> no more. >> there's it for 2012. >> are they going to get it done? >> reporter: i used to think they were but then when boehner couldn't get the votes for plan b i thought oh, my god, we're in trouble. >> do your job. >> we'll see what happens. >> melissa, thank you so much. >>> remember, you can find more of melissa's segments on cbssf.com/mornings. >>> time for a look at what's coming up later on "cbs this morning." norah o'donnell joins us now live in new york with the license on the big show. good morning. >> reporter: hey, good morning to you, frank and michelle. we're talking about secretary of state hillary clinton. she has been hospitalized after doctors found a blood clot so we're going to talk to dr. john lapook about just how serious this may be. also, we're following the last- minute negotiations to avoid the "fiscal cliff." that's required. is there going to be a deal today? we're all waiting and plus we'll take a look back at the biggest news stories:2012. we'll see
the so-called "fiscal cliff." this is a live picture of the u.s. capital right now where the house is set to reconvene less than a half hour from now. but there are questions about how much progress can be made. andrew spencer has more on why the process steams have stalled -- seeps to have stalled. >> if there is an ultimate compromise, there will be parts of it that i find disgusting and reprehensible which i may have to swallow in the name of finding compromise. >> reporter: a rare sunday session on capitol hill. >> the senate will come to order. >> reporter: as lawmakers work on a voiding the so-called "fiscal cliff." talks briefly hit a, quote, major setback on sunday over social security benefits according to a democratic source. but both sides agree to push forward. >> i want everyone to know i'm willing to get this done. but i need a dance partner. >> reporter: vice president joe biden is apparently that person for senate minority leader mitch much. top level sources say the two are taking over talks. if nothing is resolved by midnight tax rates for all americans will increase. de
and make america number one. host: do you think america's working together right now in this fiscal cliff negotiant that is causing friction in washington? caller: absolutely, it is so beautiful to see. they are doing their best. i am not there in the party, but i want to read about the differences, why america is america, and why not it is not -- why it is not other countries. i have lived in other countries for months and years. i make plans for education in 2001 for the dutch government. i always follow something for inspiration. i saw last time that the democrats and republicans, the parties, they are working so good together to make something happen. host: you think the fiscal cliff debate is a good sign for the country? caller: absolutely, it is a good sign for the country. you know, america does not need money. america is money. america needs jobs. what kind of jobs? american jobs. what is on american jobs? to do the best and to bring the best things. that is the mayor, -- the america that i see. i seek some unity. i travel around the world. i see some the young americans everywher
to lawmakers to keep the nation from going over the so-called fiscal cliff. >> economists fear the domination of automatic spending cuts and tax increases to trigger a new recession. >> andrew spencer is points out negotiations today must overcome a " major setback. >> it is there is an ultimate compromise there will be parts of it that i find disgusting and arrest principle that i may have to swallow in the name of following a compromise. >> the senate will come to order. >> as lawmakers work on avoiding the fiscal cliff. >> talk city " major said that on sunday over so security benefits according to a democratic source. both sides agree to push for. >> i want everyone to know island to go the distance but i need a dance partner. >> vice president joe biting it is apparently that person for mitch mcconnell. if nothing is resolved by midnight tax rate from all americans will increase. democrats say it is about $2,000 for the average middle-class family. >> one mom in michigan said that is four months or the gross. that is commuting back and forth to work in gas from to three years. that is a
scramble to stop the country from going over the fiscal cliff today. washington still in deadlocked this morning. can a last-minute deal be reached? one source revealing this is how talks are really going. >>> and look at this. a rare fight caught on camera. two of the most gentle creatures on the planet breaking out in a wild showdown. giraffes. viciously attacking each other. does this battle all come down to a woman? >>> and we're counting down to the biggest party in the world.
on the fiscal cliff, but there is no guarantee of success because the parties are still far apart. rebecca and jeff in. >> all right, chip thank you very much. >>> the world's largest coffee chain is sending a message to congress about the fiscal cliff. for the rest of the week, employees in the washington, d.c., area will all write "come together" on starbucks cups instead of consumers' names. in an online letter starbucks ceo howard schultz says the company has responsibility to send a respectful and optimistic message. >>> hawaii lieutenant governor brian schatz was chosen yesterday to succeed senator daniel inouye who died last week. schatz is now flying to washington on air force one with president obama. he could be sworn in as early as today. >>> we may swear to our doctors that we're getting checked for cancer, but a new study finds we're actually dropping the ball. the university of miami study found the general public did not meet any government recommendations for cancer screenings except for colorectal cancer. cancer survivors had higher screening rates
on the fiscal cliff. just a matter of hours until we officially go over the edge. still no deal in sight. lawmakers scrambling this morning to put together an 11th-hour compromise or we'll be ringing in higher taxes along with the new year. jonathan karl is in washington. good morning, jon. >> reporter: good morning, dan. with taxes set to go up at the stroke of midnight. talks went late into the night and will continue this morning. as washington teeters on the edge of the fiscal cliff, there is still no deal. as talks continued overnight, a voice of frustration erupted on the senate floor. >> something has gone terribly wrong when the biggest threat to our american economy is our american congress. >> reporter: the republican and democratic senate leaders negotiated all weekend long. the talks hit a brick wall. harry reid saying he was unable to even counter the latest republican offer. >> at this stage, we're not able to make a counteroffer. it appears that there are things that stop us from moving forward. >> reporter: that prompted mitch mcconnell to call for a lifeline. >> i also p
over the so-called fiscal cliff. reaching a deal before them will not be easy. because right now, both sides are involved in a high-stakes political blame game. >> we are here in washington working while the members of the house of representatives are all watching movies and watching their kids play soccer and basketball and doing all kinds of things. they should be here. i told president i would be happy to look at what they're he promises but the truth is is that we are coming up against a hard deadline here and as i said this is a conversation we should have had months ago. >> democrats want to extend the bush era tax cuts to everyone except those americans who are making $250,000 or more a year. many republicans remain against the tax increases. >> former president george h. w. bush is still in intensive care at a houston hospital this morning dealing with a stubborn fever. the former president's family is confident that he will be out of the i see you soon. the 88 year-old has been in a hospital for more than a month, after first coming down with bronchitis. >> here is a live look
tuesday. >> the fiscal cliff count down is the big topic on this morning's fogs the morning -- face the nation. there's two big visitors. it starts right after this newscast at 8:30 on cbs 5. >>> plastic shopping bags may soon be the fast. >> the final 2 days for those bags in an entire bay area county. >> a 2012 close, a look back at some of the big stories in the usa. we'll be right back. ,,,,,,,,,,,,,, as the new year begins tues the new ban appl >>> 20 minutes before 8:00. one of the biggest counties is jumping on the plastic bag ban. the new ban applies to all of alameda county. the incorporated areas and all of its cities also. stores will no longer be able to give customers one time use plastic bags. customers must bring their own bags or pay 10 cents each for a recyclable paper bag. similar laws are in effect in san jose, san francisco and dozens of other california cities and counties. san jose says since it's ban took effect the number of plastic bags littering city streets has gone down 59%. >>> the rain is gone. we're trying to get used to seeing the sunshine. ryan has m
negotiations are looking better to avoid going over the fiscal cliff at 9:00 p.m. our time. as kyla cam billion reports from our washington, d.c. newsroom, there's still a gap on raising taxes. >> reporter: republicans and democrats both say these negotiations are moving forward. the house is back at work this hour and we expect to hear from the senate when they start their day in about 45 minutes everyone the big et problem that needs to be -- biggest problem that needs to be solved is deciding who should pay more in taxes. democrats offered to raise taxes on households making $450,000. republicans were still hoping for the $550,000. but republicans dropped their demand to cut social security benefits. at that point, joe biden and mitch mcconnell took over negotiations. the two worked together in the senate for 23 years and have a strong history of finding compromise. >> i think there's some good news. the conversations continued late into the night last night. i think now there is a better than 50/50 chance that we will avoid the fiscal cliff by midnight tonight. >> reporter: if the senate co
the white house after trying to negotiate an 11th hour deal to avoid the "fiscal cliff" of tax hikes and spending cuts that begin on january 1. the president emerged shortly after admitting no deal had been reached at least not yet. >> we had a constructive meeting today. senators reid and mcconnell are discussing a potential agreement where we can get a bipartisan bill out of the senate over to the house and done in a timely fashion. >> reporter: the senate is in session today and is expected to return on sunday along with the house. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation. >> reporter: but time is clearly running out for congress. st. mary's college political professor steven wol fert says the senate needs to introduce something today or they will likely not make the deadline. >> the deadline is so short and the amount of time necessary to go through the procedural steps to approve legislation are so numerous that they are right up against the very limit
if we do go over the fiscal cliff. palin a nurses' strike thousands of nurses walked off the job today at nine bay area hospitals. nurses with a center helps halt the bay summit medical center are asking for a negotiated labor contracts and improvement in patient care protections. such as staffing levels, a health benefits, and sick days. strikers a hospital officials want to reduce the number of paid sick days for nurses and technicians while maintaining health care coverage for those who work fewer than 30 hours a week. >> we're looking at power outages this morning all across the bay area. here's a look at the numbers. in the north bay 1075 people are without power. on the peninsula, 517. central coast, 376. and in the east bay 288 customers are without power. taking a live look as we're seeing the traffic in san jose as traffic said is very light right now. it will be tough to get around the malls though today. we will be right back. sleep train thanks all those who helped make a difference last year for thousands of california foster kids. thank you for helping foster kids. thank
kron 4 news >> thanks for joining us with the top clock is ticking on the so-called fiscal cliff and last-minute talks are currently under way. bart and muni are helping the year's eve party years get around today. will tran as more info for you. >> it is cold right now and temperatures are going to drop once again while everyone is celebrating year's eve. but a good thing it is dry but by 8:00 p.m. we will see a wide range of 40's. bringing in the new year and welcoming the 2013 we are talking mid 30's and land. it will be chilly so dress in layers. we'll have mostly sunny skies aclear skiess perfect for the fireworks. 32 currently and concord and i will have a look at where the numbers will head into the afternoon coming up in my next report. >> we have a couple of accidents this morning in different locations resulting in ice on the roadway. the east bay on some palo damn road and around the bay we have been looking extremely light traffic this morning. lighter than this monday been other days last week. >> the clock is ticking at the end of 2012 and workers and sampras is go
early to avoid the so-called fiscal cliff. >>> a plan includes proposed projects to attract state i havers -- visitors. >>> 7:23. moving along in the day right now, tara, you know we talked about going to the golden gate park today. there is another gift that people should know about. >> there is a perk. free parking. >> yay! >> in san francisco today. yeah, free metered parking everywhere along a -- including along the embarcadero and fisherman's wharf. no street sweeping unless that sign says seven days a week of the including holidays. that's the good news -- a week, including holidays. that's the good news. you can see traffic is moving well along all directions. we have, really not a whole lot of people out there. hopefully everybody is opening their presents right now. down in the south bay, 237, milpitas, usually we see a lot of westbound traffic on the right-hand side of your screen but really own what? three cars right now. so that's great. here's rosemary. >>> we have a new storm rolling in in, in time for your christmas day. it looks like it could be wet and windy by the
. someone hacked right into an electronic road sign in portland. the sign read, fiscal cliff ahead, january to february. no word on whether the person was found. >> if you have been to the gas station you may have noticed prices are inching up. many stations have seen their prices go up about four cents a gallon. the average cost for region leaded fuel in california is now $3.54 a gallon. the increase after a two month decrease at the pumps with some stations seeing prices drop as much as 16-cents. >> the nhl has made a new offer to players as the lock out enters a critical stage. they are expected to hold a phone conference. the offer was still being reviewed by the union late last night and details of the plan aren't being released. the league would like to have a deal in place by january 1st so training camps to start. both sides plan to meet in new york tomorrow. >> tonight the warriors play their final game of the year when they host the boston celtics. the warriors are now 20-10 with their win last night. this is the first time they have had 20 wins before new year's day since 1980
. there's the markets this morning. down about 83 points and everyone is blaming it on the fiscal cliff and watching washington and hoping they can find middle ground as we approach the ever impending dead line. well another sign that the housing market is improving the national association of realtors says pending home sales rose last month so it's highest level in two and a half years. pending sales rose nearly 2% in november and it's the third month in a row it has gone up. amazon says it had a very green christmas season. it announced it's 2012 holiday sales were the biggest ever. they had several record setting days including cyber monday when customers ordered 26 and a half million products. amazon isn't giving exact numbers but says sales of the kindle devices are it's top overall setters and says they set a record for digital downloads on christmas day and e reading is gaining popularity on all devices. nearly one quarter of all americans downloaded and read a book on an electronic reader this year up 7% from last year and the number of people reading traditional books dropped
:06. president obama flew back to washington from hawaii overnight to work on the plan to avoid the "fiscal cliff." cbs reporter tara mergener says congress remains gridlocked and fewer americans expect any progress before the new year. >>> reporter: senators and staffers will be filling these empty hallways today trying to work out a deal to avoid the "fiscal cliff." higher taxes will give the average american about $1,500 less to spend next year. and economists believe the $110 billion spending cuts will result in more layoffs. senator harry reid has a plan to keep taxes low for everyone making less than $250,000 a year as well as short term spending cuts until a bigger dooley can be reached. >> it is going to be a patch because in four days we can't solve everything. >> reporter: while senators try to brave the bad weather that has hit many parts of the country, in order to make it back here to washington, house leaders say they will not leave home unless the senate passes its bill first. >> good morning? >> reporter: house republicans scuttled the proposal from speaker john boehner last week
and that of the media is on the fiscal cliff, and i understand that. economy of the nation and the world may be at stake here. i think that sooner or later, there will be some kind of an agreement. will we are talking about here is a fundamental change in the ruling, the possibility of a fundamental change in the way the senate does business peeping basically changing the rules of the senate from either 60 votes, sometimes 67, to 51 votes, which would make as no different than the house of representatives, and of course would reduce us in many respects not to irrelevance in the minority party. here is the problem. on one side, the majority leader and the democrats are frustrated by their inability to move forward with legislation. every time there is an opposition to a motion to proceed, which takes days and then they proceed, and that has made the united states congress -- one of the reasons why the united states congress is judged the least productive congress since the year 1947. so, understandably the majority is frustrated with their inability to move legislation. on the other hand, the republicans
decade but wrong the next. tighter regulations might be right one decade but is corrosive steps in, the regulation may be in order. madam president, as we confront the confluence of issues known as the fiscal cliff, we are at a moment of major significance and requires the application of principles that brooks describes. for the sake of the country, we must demonstrate to the american people that we are capable of making the big decisions by putting in place an agreement and a framework to avoid the fiscal cliff before we adjourn this year. madam president, we are surrounded by history perpetually here in the senate as well as throughout the capital. how could we not be inspired by its rise to this occasion? indeed, if you know history you understand very story of america's most formative days were defined by an understanding that effective governance required the building of consensus and that such consensus is achievable even after the exercise of passionate advocacy. in conclusion, this brings us back to the creation of the document we all cherish and revere -- the united states
Search Results 0 to 28 of about 29 (some duplicates have been removed)